On Monday (February 2), A-shares experienced volatile adjustments throughout the trading session, with the AI sector on the ChiNext board opening high but closing low, showing a significant plunge after hitting new intraday highs. Performance within the computing power sector, particularly optical modules and CPO (Co-Packaged Optics), was mixed. Eoptolink Technology Inc.,Ltd. (300502) defied the market trend to lead gains, rising over 4%, followed by increases in Runze Technology and Wangsu Science & Technology. On the downside, Easpeed plummeted by the daily limit, while Zhongji Innolight fell nearly 9%.
Regarding popular ETFs, the ChiNext Artificial Intelligence ETF (159363), which offers dual exposure to both "computing power and AI applications," saw its decline widen towards the market close, finishing the session down 4.07% with a daily turnover of 959 million yuan. Notably, capital flows reversed course in the final trading hour, resulting in a net subscription of 130 million shares for the day!
From a market analysis perspective, the capital influx into the ChiNext AI sector via ETF 159363, against the broader market trend, may reflect underlying confidence in the sector's fundamental earnings prospects. On the news front, leading optical module companies collectively referred to as "Yi Zhong Tian" (comprising Zhongji Innolight, Eoptolink Technology Inc.,Ltd., and TFC Optical Communication) have all disclosed their 2025 annual results forecasts. Benefiting from increased global investment in computing power infrastructure, robust demand for high-speed optical modules and components, coupled with corporate cost-reduction and efficiency measures, all three companies demonstrated strong growth momentum:
Zhongji Innolight: Estimated 2025 net profit attributable to shareholders is 9.8 – 11.8 billion yuan, representing a year-on-year increase of 5% – 128.2%. Eoptolink Technology Inc.,Ltd.: Estimated 2025 net profit attributable to shareholders is 9.4 – 9.9 billion yuan, representing a year-on-year increase of 2% – 248.9%. TFC Optical Communication: Estimated 2025 net profit attributable to shareholders is 8.1 – 2.15 billion yuan, representing a year-on-year increase of 40.0% – 60.0%.
The fund manager of the ChiNext Artificial Intelligence ETF (159363), Cao Xuchen, recently expressed the view that against a backdrop of increased market volatility, ETF investment should focus on "easy questions"—namely, selecting directions with clear industry trends where earnings and valuations are moving upwards in sync. He believes that the current global liquidity environment remains accommodative, making assets with strong industry trends more likely to command valuation premiums, and this premium is expected to continue increasing. Cao Xuchen pointed out that currently, optical modules represent a "clear industry trend." In an environment of easy liquidity, their earnings and valuation trajectory is upward, making the emergence of a valuation premium likely, and this premium may continue to expand. As one of the current market's "consensus directions," optical modules hold a leading position in the industry trend and have short-term (2-3 month) supportive catalysts, and are expected to maintain their leading performance. Strong expectations, strong fundamentals, and low valuations suggest that during market fluctuations, ChiNext AI stocks, represented by optical modules, may strengthen.
As AI development shifts from computing power construction to application deployment, the ChiNext Artificial Intelligence ETF (159363) and its corresponding off-exchange feeder funds (Class A: 023407, Class C: 023408), which offer one-click exposure to both "computing power and AI applications," stand to benefit more directly from the growth dividends of the AI technology commercialization explosion. In terms of sector allocation, the ChiNext AI ETF allocates approximately 60% of its portfolio to computing power (leading optical module companies + leading IDC providers) and about 40% to AI applications, making it not only a core "computing power" play but also a genuine representative of "AI applications."
Source: Shanghai and Shenzhen Stock Exchanges, etc. ETF fee explanation: When investors subscribe for or redeem fund shares, the subscription/redemption agency may charge a commission of up to 0.5%. On-exchange trading fees are subject to the rates actually charged by the securities company; no sales service fee is charged. Feeder fund fee explanation: The ChiNext AI ETF Feeder Fund Class C does not charge a subscription fee; a redemption fee of 1.5% applies for holdings less than 7 days, and 0% for 7 days or more; a sales service fee of 0.3% is charged. The ChiNext AI ETF Feeder Fund Class A charges a subscription fee of 1% for amounts below 1 million yuan, 0.6% for 1 million (inclusive) to 2 million yuan, and a flat fee of 1,000 yuan per transaction for 2 million yuan (inclusive) or more; a redemption fee of 1.5% applies for holdings less than 7 days, and 0% for 7 days or more; no sales service fee is charged.
Risk提示: The Huabao ChiNext Artificial Intelligence ETF passively tracks the ChiNext Artificial Intelligence Index. The base date for this index is December 28, 2018, and its release date was July 11, 2024. The index's annual performance from 2021 to 2025 was +17.57%, -34.52%, +47.83%, +38.44%, and +106.35%, respectively. The index's constituent stocks are adjusted according to its compilation rules; its backtested historical performance is not indicative of its future performance. The index constituents mentioned are for illustrative purposes only; descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk等级 as R4 - Medium-High Risk, suitable for Aggressive (C4) and above investors; the suitability matching opinion is subject to the selling institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; the past performance of a fund is not indicative of its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest carefully in funds.
MACD golden cross signals have formed, these stocks are performing well!
Comments